Cango Inc. Announces June 2025 Production Update for Crypto Mining Business

Core Insights - Cango Inc. reported a decrease in Bitcoin production in June 2025, producing 450 Bitcoins compared to 484.5 in May 2025, reflecting a decline of approximately 7.2% [2] - The total number of Bitcoins held by the company increased to 3,879.2 from 3,429.3, indicating a growth of about 13.1% [2] - Cango completed the acquisition of crypto mining machines with an aggregate hashrate of 18 Exahash per second, raising its total hashrate to 50 EH/s [2] Production Metrics - The average number of Bitcoins produced per day decreased to 15.00 in June from 15.63 in May [2] - The deployed hashrate remained stable at 32 EH/s, while the average operating hashrate slightly increased to 29.92 EH/s from 29.86 EH/s [2] Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa [3] - The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the growing adoption of digital assets [3] - In addition to its crypto mining operations, Cango also runs an online international used car export business through AutoCango.com [3]